Piedmont Office (PDM)
NYSE:PDM
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PDM Stock Chart & Stats
$7.78
-$0.02(-0.23%)
At close: 4:00 PM EST
$7.78
-$0.02(-0.23%)
Day’s Range― - ―
52-Week Range$6.32 - $9.19
Previous CloseN/A
Volume481.06K
Average Volume (3M)801.90K
Market Cap
$1.06B
Enterprise Value$3.33B
Total Cash (Recent Filing)$2.28M
Total Debt (Recent Filing)$2.28B
Price to Earnings (P/E)―
Beta0.94
Next Earnings
Jul 29, 2026EPS Estimate
-0.03Next Dividend Ex-DateN/A
Dividend Yield6.09%
Share Statistics
EPS (TTM)-0.70
Shares Outstanding125,019,005
10 Day Avg. Volume717,928
30 Day Avg. Volume801,900
Financial Highlights & Ratios
PEG Ratio-2.65
Price to Book (P/B)0.69
Price to Sales (P/S)1.84
P/FCF Ratio-62.23
Enterprise Value/Market Cap3.14
Enterprise Value/Revenue5.90
Enterprise Value/Gross Profit69.08
Enterprise Value/Ebitda12.02
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.07
Revenue Forecast (FY)$521.16M
Bulls Say, Bears Say
Bulls Say
Strong Leasing Momentum And PipelineSustained leasing velocity and a deep legal-stage pipeline materially reduce vacancy risk and support durable cash rents. High new tenancy share and rising proposals indicate secular demand for Piedmont’s Sun Belt, amenitized office product, underpinning predictable rent roll-ups and FFO support over coming quarters.
Balance Sheet Liquidity And Lower LeverageLow net leverage and substantial revolver capacity provide insurance against cyclic cash-flow stress and allow opportunistic capital recycling. With near-term maturities limited and improving cost of debt, the company has durable financial flexibility to fund redeployments, complete stabilizations, and pursue accretive refinancing.
Portfolio Quality, Redevelopment Progress And Rent GrowthA modernized, amenity-rich portfolio with active redevelopments drives above-market rent roll-ups and stronger NOI conversion. High renovation penetration and successful lease-up of redevelopment assets create a structural earnings runway as stabilized assets generate recurring cash flow and boost long-term NOI margins.
Bears Say
Sharp Revenue Decline And Persistent LossesMaterial top-line contraction and recurring net losses signal that operating leverage and below-the-line costs are not yet aligning with property income. Until consistent positive net income is restored, capital allocation and distributable cash remain constrained, limiting durable returns to shareholders despite operational gains.
Concentrated Near-term And 2027 Expirations RiskConcentrated expirations create lumpiness in occupancy and cash flow, requiring substantial leasing and capital to backfill large spaces. Large 2027 move-outs at strategic assets present structural re-leasing risk that could materially depress rents and occupancy if market demand softens or redeployment timing slips.
Dividend Suspension And Return-of-capital UncertaintySuspending the dividend alters the REIT’s durable value proposition to income investors and signals constrained distributable cash. The multi-year pause ties capital return to uncertain taxable income and FFO improvements, potentially elevating investor patience requirements and limiting long-term shareholder yield expectations.
Piedmont Office News
PDM FAQ
What was Piedmont Office’s price range in the past 12 months?
Piedmont Office lowest stock price was $6.32 and its highest was $9.19 in the past 12 months.
What is Piedmont Office’s market cap?
Piedmont Office’s market cap is $1.06B.
When is Piedmont Office’s upcoming earnings report date?
Piedmont Office’s upcoming earnings report date is Jul 29, 2026 which is in 82 days.
How were Piedmont Office’s earnings last quarter?
Piedmont Office released its earnings results on Apr 30, 2026. The company reported -$0.1 earnings per share for the quarter, missing the consensus estimate of -$0.032 by -$0.068.
Is Piedmont Office overvalued?
According to Wall Street analysts Piedmont Office’s price is currently Overvalued.
Does Piedmont Office pay dividends?
Piedmont Office pays a Quarterly dividend of $0.125 which represents an annual dividend yield of 6.09%. See more information on Piedmont Office dividends here
What is Piedmont Office’s EPS estimate?
Piedmont Office’s EPS estimate is -0.03.
How many shares outstanding does Piedmont Office have?
Piedmont Office has 125,019,005 shares outstanding.
What happened to Piedmont Office’s price movement after its last earnings report?
Piedmont Office reported an EPS of -$0.1 in its last earnings report, missing expectations of -$0.032. Following the earnings report the stock price went down -0.359%.
Which hedge fund is a major shareholder of Piedmont Office?
Currently, no hedge funds are holding shares in PDM
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Piedmont Office Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
― (―)
― (―)
Blogger Sentiment
Bullish
PDM Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 16.0K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
-11.02%
12-Months-Change
Fundamentals
Return on Equity
-5.45%
Trailing 12-Months
Asset Growth
0.75%
Trailing 12-Months
Company Description
Piedmont Office
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.
PDM Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum driven by robust leasing, meaningful rent roll-ups and improving same-store NOI, alongside balance sheet flexibility and tangible pipeline activity. Management raised guidance modestly and highlighted multiple positive metrics (net effective rent growth, high renewal/retention rates, redevelopment lease-up progress and substantial revolver capacity). Key risks include concentrated near-term expirations, suspended dividend policy, reliance on continued leasing execution to sustain growth and some timing uncertainty around dispositions and a New York lease public hearing. Overall, the positive leasing and financial indicators materially outweigh the manageable near-term risks.View all PDM earnings summariesPDM Stock 12 Month Forecast
Average Price Target
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Ownership Overview
1.22% Insiders
30.78% Mutual Funds
5.50% Other Institutional Investors
40.00% Public Companies and
Individual Investors